Meituan Stock News

Starbucks Corp. (NASDAQ: SBUX) is expanding its delivery services in China by entering into a new partnership with food delivery giant Meituan (OTC: MPNGY). What Happened: Under the new partnership, S

BEIJING (Reuters) -Starbucks said on Tuesday it has entered into a partnership with China's Meituan that will allow its Chinese customers to order coffee delivery via the super-app's platform.

China has made boosting self-sufficiency as well as research and development into semiconductors a top priority, prompting tech giants to invest into chips.

China has made boosting self-sufficiency as well as research and development into semiconductors a top priority, prompting tech giants to invest into chips.

Futures Resume Tumbling After Yields Spike To New 2 Year High The new week has picked up where last week left off: with futures selling off and global markets lower as yields continued their relentless treck higher, hitting fresh two year highs (amid concerns of a faster Fed balance sheet drawdown coupled with a massive IG issuance slate forcing managers to put on rate locks in what remains an illiquid market). US index futures traded down to session lows as US traders sat at their desks after rising modestly earlier in the session, and were down 27 points or 0.6% at 730am ... while Treasury yields stabilized after reversing an earlier spike rising as high as 1.8064% before dropping to 1.7656% following a global bond selloff last week as investors awaited key inflation data later in the week. Tech stocks again led the decline with Nasdaq futs down 0.63%, while Dow futures were down 0.12% or 44 points. The dollar rose, bitcoin dropped and crude oil steadied around $79 a barrel. Market volatility continues to grow almost everywhere, with lingering uncertainties keeping pressure on sentiment, said Pierre Veyret, technical analyst at ActivTrades. Traders are likely to wait for new major market drivers before pushing stock prices in new directions.

Is The S&P China ETF A Good Choice For Exposure To Chinese Stocks?

On a congested sidewalk next to a busy mall in Shenzhen, a 20-something woman uses a smartphone app to order a milk tea on Meituan, a major food delivery company. In under ten minutes, the pearl-white

Starbucks is discussing with several delivery service platforms in China as its three-year exclusive partnership with Alibabas Ele.me ends this year, Sina Tech reported Thursday. The US coffee giant is reportedly talking to courier SF Express, food delivery platform Meituan, and Sams Club, Walmarts membership-only retail chain, which gained delivery capabilities in China through a partnership with Dada Nexus. [ Sina Tech, in Chinese ]

The three-year exclusive cooperation between Starbucks and Ele.me will expire on December 31 this year. As a result, Starbucks is seeking new partners in the Chinese mainland market.

Although a series of crackdowns by the Chinese authorities this year has slashed the market value of publicly-traded Internet companies including SaaS providers this year, investing in SaaS remains the most appealing option for investors. According to a report by asset management group CapitalLink , startups in the SaaS field raised more than 30 billion yuan in 2021, greatly above the amount raised in 2019. Top-tier institutional investors are constantly on the lookout for new investment possibilities: Sequoia China made 17 investments, Matrix Partners China made 11 investments, and GGV Capital made 9 investments. So far, 22 SaaS startups are valued at more than $1 billion, and nearly 34 SaaS providers are valued at $500 million to 1 billion, consulting firm Analysys International said in its latest research. These companies'' businesses range from taxation to human resources management, marketing, customer relationship management, logistics, and so on. It is worth noting that with the acceleration of digitization and the increasing shortage of software developers, low-code has emerged as an eye-catching niche SaaS market among entrepreneurs and investors in China.

Eudora Wang / DealStreetAsia : Beijing-based autonomous driving startup Haomo.AI raises a $157M Series A at a $1B+ valuation from GL Ventures, Meituan, Qualcomm Ventures, and others Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing

Hillhouse Capital''s GL Ventures, food delivery giant Meituan, Qualcomm Ventures, and others invested in the round.

BEIJING--(BUSINESS WIRE)--Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan (close to USD 150 million) in its Series A financing round, giving itself strong financial momentum to expand in the new year. Haomo has already entered the unicorn rank after this round. Investors are Meituan, GL Ventures, which is Hillhouse Capitals early-stage investment unit, Qualcomm Ventures, Hong Kong-listed Shoucheng Holdings Limited and JZ Capital participated in the round. Hao

Meituan Waimai has reached the #1 spot in the Food and Drink Category in terms of daily iOS downloads across 52 countries since launch SAN FRANCISCO , Dec. 22, 2021 /PRNewswire/ -- App Annie , the leading mobile data and analytics provider today announced that Meituan Waimai , a food delivery app published by Sankuai Technology Company, has surpassed 100 million app downloads across iOS and Google Play worldwide. Meituan Waimai was released on Nov 19, 2013 on iOS and July 18, 2017 on Google Play. In addition to delivering fast food such as Pizza Hut and KFC, it delivers local favorites such as barbecue and hot pot. The app also enables consumers to order everything from fresh fruit to pharmacy items. This variety has seen the app receive 5-stars from 90% of its user base who cite the plethora of food choices, the convenience of enjoying food at home, and the fast delivery as among the reasons. Since launch, its iPhone app has reached #1 in terms of daily downloads across 52 countries and has reached at least the top 10 in more than 100 countries in the Food and Drink category.

SHANGHAI: China stocks extended gains on Wednesday as the reserve requirement ratio cut kept investor sentiment buoyed, with consumer staples and chipmakers leading the rise. The CSI300 index rose 1.1% to 4,976.56 by the end of the morning session, while the Shanghai Composite Index gained 0.9% to 3,626.11. The Hang Seng index dropped 0.1% to 23,954.91. The Hong Kong China Enterprises Index lost 0.2% to 8,510.67. ** The People''s Bank of China cut the amount of cash that banks must hold in reserve on Monday, its second such move this year, freeing up 1.2 trillion yuan ($188 billion) in long-term liquidity to bolster slowing economic growth. ** Consumer staples rose 2.5%, with liquor makers leading the jump and up nearly 4%. ** Liquor giant Kweichow Moutai, the biggest stock in the A-share market by market cap, surged 3.6%. ** Hot sectors such as semiconductor and new energy climbed 2.6% and 1.8%, respectively, after some investors took profits in the previous session. ** Real estate developers retreated 0.